(Rejected 2) We Should Expect To See Major Changes In the Gaming Industry Soonest Because of Blockchain
The first time there was a game on our screens was in the 1970s when the game called Pong was released, this marked the beginning of something new, the gaming industry. Ever since this time the world has seen the creation of awesome games like the Sims, Assassins creed, and World Soccer Winning Eleven International, which have all contributed to pouring in millions of dollars into the gaming industry, in 2018 a whooping sum of $128 million was spent by consumers on video games. The gaming industry and also been such that it has always had the need to keep pushing its own limits as it has always kept itself abreast with every technological advancement, it is therefore no surprise that this applies to it's integration to blockchain.
Although awesome games were released from time to time, the industry had encountered a major milestone when it was integrated into blockchain technology.
Ever since crypto kitties, many feats have been accomplished in the gaming world, as a result of this technology.
Blockchain and gaming
Gaming applications that use blockchain began to emerge in 2014 when players started to earn money with HunterCoin or CryptoKitties, the latter was a game in which players would buy, collect and raise virtual kitties, these players earn real money while doing so. It had also managed to become extremely popular in its first year.
This space has been experiencing some recent developments, some of which include
OPSkins was created at the end of October 2017, it which developed as the world's largest centralized marketplace of virtual goods for computer games, announced the creation of a decentralized platform called WAX for exchanging in-game items. In the gaming industry developers and companies that develop bigger games have begun to pay attention to this new technology as well.
As of today, blockchain technology has become the new hero of the gaming world; doing what other technologies couldn’t do, to invigorate the gaming industry. Especially in the part of decentralized control, where the players decide what happens and are accountable to the blockchain directly, instead of the omnipotent bodies, who control game servers.
Blockchain technology has through games affected the world of finance by giving people the chance to make money by playing games, and it has also affected the way people relate with games because it gives them the opportunity to earn money both as a player of the game and as an owner of the cryptocurrency.
What exactly has he done to improve the quality of games?
Though blockchain technology has pushed the gaming world really forward, there are only a few notable instances that reflect the kind of “forwardness” it has brought to gaming.
One of these cases is the huntercoin when it released an MMO game in 2014, that became so successful because of the incentive attached to the game, the players could make money from it by utilizing its mining algorithm.
One of the important things blockchain has brought to the gaming world is security. The gaming world is the most popular and profitable sector in the entire entertainment industry, and the level of security for most of these games have been dropping lately. Video game-related crimes are rising, and now cybercriminals are not just attacking the game owners, but also those that play them too; this is why most gaming companies are looking to Blockchain’s secure algorithm to help them solve this.
What is The Future of Blockchain and the Gaming World?
Right now it’s too early to make any predictions of what blockchain and the game world will be since it has just been a few years since they were integrated. But there have many improvements which bring a lot of hope as to what blockchain technology has to offer, like transparency in the way in-game transactions are conducted, opportunities to earn when playing games, privacy, and security for gamers’ accounts, and clear communication among gamers.
If blockchain technology is going to do more than this for the gaming world, is dependent on how fast blockchain technology is adopted, but right now the potential blockchain technology has for gaming is really big, we might not know how fast we are going to witness these potentials come to reality, but we are sure they will, because the adoption of blockchain technology is surely inevitable.